Boeing is set to report third quarter earnings, focusing on increasing deliveries and reducing cash burn under CEO Kelly Ortberg. Revenue is expected to be $22.29 billion, with an adjusted EPS loss of $4.92 and net income loss of $3.32 billion.
Boeing made significant progress under Ortberg with a 27% increase in stock performance. Q3 commercial deliveries hit 160 jets, including 121 737 Max jets. However, the 777X jet is behind schedule and not yet certified.
Boeing plans to increase production of the 737 Max to 42 aircraft per month, with a goal of reaching 47 a month in 2026. However, a strike at its St. Louis defense plant could impact future performance. The company faces challenges meeting union demands.
Boeing secured big deals in Q3 with Norwegian Group, Turkish Airlines, WestJet, and Korean Air. Despite challenges, Boeing continues to attract customers and increase commercial deliveries.
Read more at Yahoo Finance: Big issues for investors include jet delivery rate and reducing cash flow burn
